Latest Automotive News

Element 25 is pushing ahead with its Butcherbird manganese mine expansion in Western Australia and developing a first-of-its-kind US high-purity manganese sulphate facility, backed by major OEM partnerships and a US$166 million DOE grant.

Element 25 has locked in a US$166 million grant from the U.S. Department of Energy to fund its Louisiana high-purity manganese sulphate monohydrate (HPMSM) facility, reinforcing its role in the evolving battery materials supply chain.

Lynas Rare Earths has deepened its footprint in Southeast Asia with a strategic A$50 million investment in JS Link’s new magnet factory in Malaysia, aiming to capture growth in automotive and renewable sectors.

Peter Warren Automotive’s planned acquisition of Wakeling Automotive hits a regulatory and timing impasse as vendors refuse to extend the deal’s Sunset Date despite ACCC application adjustments.

Autosports Group reports a 22% jump in order write driven by battery electric vehicles, with FY26 profit forecast raised to $51-54 million.

Sprintex Limited has locked in underwriting agreements covering 8.7 million unexercised options, potentially raising up to A$870,000. The company also agreed to extend a A$1.85 million convertible note maturity by one year, pending shareholder approval.

Turners Automotive Group posted a record $63.2 million normalised NPBT for FY26, beating guidance and declaring a 14% higher dividend as it accelerates branch expansion and ecosystem integration.

Iluka Resources has secured a multi-year, take-or-pay rare earths supply contract with a major automotive company, aligning with its Eneabba refinery ramp-up and backed by a $1.65 billion government loan for refinery completion.

Peter Warren Automotive has withdrawn its initial ACCC application for the Wakeling Automotive acquisition, opting to submit a fresh Phase 1 proposal with remedies to secure regulatory approval.

Super Retail Group is gearing up to expand its store network and accelerate digital transformation through its new five-year strategy and Ignite program, aiming to capture a larger share of a $65 billion market opportunity.

Tungsten Mining NL has kicked off a large-scale drilling campaign at its Mt Mulgine Project, aiming to test a substantial exploration target that could significantly boost its tungsten resources.

The ACCC has moved Peter Warren Automotive’s acquisition of Wakeling Automotive’s 30 dealership sites into a Phase 2 review amid concerns it could dominate Sydney’s Macarthur region new car market, controlling 25 of 33 dealerships locally.